Background

Mr. Carter S. Evans has been the Managing Director of Alvarez & Marsal LLC since January 1995 and also serves as its Head of Research. Mr. Evans served in the capacities of Creditor, DIP Lender, Investment Banker and a Senior Member of operating management in a wide range of successful restructuring assignments. Mr. Evans served as the Chief Financial Officer of Bridge Information Systems. He served as the President of Physician Computer Network (“PCN”). Mr. Evans served ... as the President of Arrow Shirt Company and Arrow International (both part of Cluett American Group). He served as a Senior Advisor to management in matters such as Leiner Health Products, Heartland Steel and Anthony Manufacturing. Mr. Evans has over 30 years experience in financial industry, workouts and turnarounds at Price Waterhouse, Chemical Bank and later Lehman Brothers. He was actively involved in the restructurings of Chrysler, International Harvester, Allis-Chalmers, White Motor, Itel, Manville, Richmond Tank Car, Texaco, Western Company of North America, Timex, Continental Investment, Cabot, Cabot & Forbes, US Lines, US Financial, Duplan and Buster Brown Clothes. As an Investment Banker and Financial Advisor to the debtor he was actively involved in Federated Department Stores, Allied Stores, Insilco, Southmark, General Homes and Air Canada. Mr. Evans started his career at a Big Five accounting and consulting firm in New York. He served as the Non-Executive Chairman of dELiA*s, Inc., from July 30, 2008 to May 1, 2013. Mr. Evans serves as a Director of Delia*s Group Inc. He served as an Independent Director at dELiA*s, Inc., from February 2006 to August 6, 2013. He served as a Director of Pratt-Read Corp., Timex Group BV and the successor to US Financial. He holds a BBA from Emory University in Atlanta.

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